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Sahaj Solar Overview

Sahaj Solar Limited shines brightly in the renewable energy sector specializing in solar photovoltaic modules and solar water pumps. Company’s journey started with a vision to harness sun’s power and provide clean energy solutions. Today, Sahaj Solar stands as a testament to this vision having installed over 10,000 solar water pumping systems across India. Promoters holds a significant stake reflect their unwavering belief in the company’s mission. Sahaj Solar’s clientele includes prestigious government projects and ...Read More

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Sahaj Solar Key Financials

Market Cap ₹342 Cr.

Stock P/E 12.2

P/B 2.9

Current Price ₹155.6

Book Value ₹ 54.4

Face Value 10

52W High ₹281

Dividend Yield 0.32%

52W Low ₹ 91

Sahaj Solar Share Price

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Volume
Price

Sahaj Solar Quarterly Price

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Sahaj Solar Quarterly Results

#(Fig in Cr.)
Net Sales
Other Income
Total Income
Total Expenditure
Operating Profit
Interest
Depreciation
Exceptional Income / Expenses
Profit Before Tax
Provision for Tax
Profit After Tax
Adjustments
Profit After Adjustments
Adjusted Earnings Per Share

Sahaj Solar Profit & Loss

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 62 67 185 201 330
Other Income 0 1 0 1 1
Total Income 62 67 186 202 331
Total Expenditure 59 63 174 177 288
Operating Profit 3 4 12 25 43
Interest 1 2 2 4 4
Depreciation 1 1 1 1 1
Exceptional Income / Expenses 0 0 0 0 0
Profit Before Tax 1 1 9 20 38
Provision for Tax 0 0 2 6 10
Profit After Tax 1 1 6 13 28
Adjustments -0 -0 -0 -0 -0
Profit After Adjustments 1 1 6 13 28
Adjusted Earnings Per Share 0.4 0.7 4.1 8.2 12.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 64% 70% 0% 0%
Operating Profit CAGR 72% 121% 0% 0%
PAT CAGR 115% 204% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -40% NA% NA% NA%
ROE Average 40% 48% 32% 32%
ROCE Average 33% 36% 26% 26%

Sahaj Solar Balance Sheet

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 9 10 16 33 109
Minority's Interest 0 0 0 1 1
Borrowings 5 6 4 3 3
Other Non-Current Liabilities 0 0 0 1 9
Total Current Liabilities 19 44 70 112 182
Total Liabilities 35 61 91 149 303
Fixed Assets 10 8 8 7 6
Other Non-Current Assets 0 0 2 3 40
Total Current Assets 25 53 81 139 258
Total Assets 35 61 91 149 303

Sahaj Solar Cash Flow

#(Fig in Cr.) Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 2 1 3 12
Cash Flow from Operating Activities 4 -2 10 -35 -47
Cash Flow from Investing Activities -3 0 -1 -0 -0
Cash Flow from Financing Activities -2 1 -7 44 45
Net Cash Inflow / Outflow -0 -1 1 9 -2
Closing Cash & Cash Equivalent 2 1 3 12 10

Sahaj Solar Ratios

# Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.38 0.65 4.05 8.16 12.54
CEPS(Rs) 1.2 1.5 4.93 9.01 13.35
DPS(Rs) 0 0 0 0 0.5
Book NAV/Share(Rs) 5.92 6.4 10.49 20.48 49.44
Core EBITDA Margin(%) 4.88 5.84 6.11 12.12 12.8
EBIT Margin(%) 3.42 4.63 5.68 11.81 12.71
Pre Tax Margin(%) 1.6 2.12 4.62 9.74 11.46
PAT Margin (%) 1.14 1.54 3.5 6.65 8.49
Cash Profit Margin (%) 3.04 3.52 4.17 7.23 8.89
ROA(%) 2.04 2.15 8.56 11.18 12.39
ROE(%) 7.61 10.62 49.04 54.08 39.54
ROCE(%) 8.71 12.05 36.89 39.65 32.77
Receivable days 52.95 126.4 89.51 129.01 158.48
Inventory Days 58.26 57.44 22.61 24.39 20.94
Payable days 59.33 132.52 97.29 118.58 113.4
PER(x) 0 0 0 0 14.85
Price/Book(x) 0 0 0 0 3.77
Dividend Yield(%) 0 0 0 0 0.27
EV/Net Sales(x) 0.3 0.32 0.1 0.26 1.38
EV/Core EBITDA(x) 5.56 4.8 1.61 2.13 10.55
Net Sales Growth(%) 0 7.81 177.61 8.53 63.93
EBIT Growth(%) 0 46.25 240.41 125.62 76.44
PAT Growth(%) 0 45.23 532.58 106.25 109.43
EPS Growth(%) 0 70.96 520.51 101.24 53.66
Debt/Equity(x) 1.62 1.7 0.83 1.72 0.53
Current Ratio(x) 1.28 1.19 1.16 1.25 1.41
Quick Ratio(x) 0.77 0.94 0.99 1.11 1.29
Interest Cover(x) 1.88 1.84 5.34 5.7 10.16
Total Debt/Mcap(x) 0 0 0 0 0.14

Sahaj Solar Shareholding Pattern

# Sep 2024 Mar 2025 Sep 2025 Mar 2026
Promoter 71.28 71.28 71.28 71.28
FII 1.11 0.03 0.03 0.01
DII 4.02 1.82 1.25 1.12
Public 23.6 26.87 27.44 27.59
Others 0 0 0 0
Total 100 100 100 100

Sahaj Solar News

Sahaj Solar Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 48%
  • Debtor days have improved from 118.58 to 113.4days.

Cons

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